KMD BRANDS LIMITED — Share Issue/Capital Change 2012

Mar 22, 2012

APPENDIX 7 – NZSX Listing Rules

EMAIL: announce@nzx.com

Notice of event affecting securities

NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10. For change to allotment, NZSX Listing Rule 7.12.1, a separate advice is required.

Number of pages including this one (Please provide any other relevant details on additional pages)

Full name of Issuer Name of officer make this notice	Full name of Issuer Name of officer make this notice	Kathmandu Holdings Limited	Kathmandu Holdings Limited	Kathmandu Holdings Limited	Kathmandu Holdings Limited	Kathmandu Holdings Limited	Kathmandu Holdings Limited
		authoris	ed to							Authority for e.g. Directors			event, ' resolution
							Mark Todd								Directors' resolution
Contact phone number			(+64) 3 373 6110							(+64) 3 373 6116				e		21 03			2012
Nature of event Tick as appropriate				Bonus Issue Rights Issue			If ticked, state whether: Capital Ca	Taxable ll Dividend		/ Non Taxable If ticked, state		Conv Fu	ersion ll			Rights Issue Interest Renouncable
				non-renouncable			change			whether: In		terim √ Y	ear	Special
EXISTING securitie Description of the class of securities			s affec	ted by this				If more than one		security is affecte		d by the event, us	e a separate for ISIN	m.
				Ordinary Shares													NZKMDE0001S3
																	If unknown, contact NZX
Details of securities			issue	d pursuant to	th	is event		If		more than one clas		s of security is to	be issued, use ISIN	a separa			te form for each class.
Description of the class of securities Number of Securities to be issued following eve			nt
												Minimum Entitlement					If unknown, contact NZX Ratio, e.g 1 for 2 for
Conversion, Maturity, Call Payable or Exercise Date Strike price per security for any Strike Price available.				issue in lieu or	dat					Tick if paripassu		Treatment of Fractions provide an OR explanation of the ranking
						e Enter N/A if not applicable
M	onies Associated with E			vent In dollars	an	Dividen d cents		d payable, Call payable, Exercise price, C Source of Payment				onversion price, Redemption price, Application money.
												Retained Earnings
	Amount per security (does not include any exc			luded income)
					NZ$0.03
	Excluded income per security (only applicable to listed PIEs)
	Currency Total monies				New Zealand Dollars						Supplementary dividend details - NZSX Listing Rule 7.12.7		Amount per security in dollars and cents Date Payable					NZ$0.005294
					NZ$6,000,000													19 June 2012
T In is	axation the case of a taxable bonus sue state strike price						$				Amountper Security in Dollars and cents to six deci							malplaces
									Resident Withholding Tax Foreign Withholding Tax		$0.002083							NZ$0011667
																		.
																		(100% franked in Australia)
											$0.005294

Timing (Refer Appendix 8 in the NZSX Listing Rules)

Record Date 5pm

For calculation of entitlements -

Notice Date

Entitlement letters, call notices, conversion notices mailed

OFFICE USE ONLY

Ex Date: Commence Quoting Rights: Cease Quoting Rights 5pm: Commence Quoting New Securities: Cease Quoting Old Security 5pm:

Application Date Also, Call Payable, Dividend / 8 June 2012 Interest Payable, Exercise Date,Conversion Date. In the case 19 June 2012 of applications this must be the last business day of the week.

Allotment Date

For the issue of new securities. Must be within 5 business days of application closing date.

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Security Code:

Security Code: